Key Points
- AutoNation director Lisa Lutoff-Perlo sold 900 shares at an average price of $220, generating $198,000 and reducing her ownership by 10.12% to 7,989 shares.
- AutoNation reported quarterly EPS of $5.56, beating estimates of $5.48, while revenue of $6.93 billion fell short of expectations and declined 0.6% year over year.
- Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $248.36; institutional investors own 94.62% of the stock.
AutoNation, Inc. (NYSE:AN - Get Free Report) Director Lisa Lutoff-Perlo sold 900 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $220.00, for a total transaction of $198,000.00. Following the sale, the director owned 7,989 shares in the company, valued at $1,757,580. This trade represents a 10.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
AutoNation Trading Down 0.9%
AutoNation stock opened at $209.35 on Friday. The firm has a 50 day simple moving average of $197.82 and a 200-day simple moving average of $198.49. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.20. The stock has a market capitalization of $6.92 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.89 and a beta of 0.71. AutoNation, Inc. has a 12-month low of $176.62 and a 12-month high of $235.81.
AutoNation (NYSE:AN - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $5.56 EPS for the quarter, topping the consensus estimate of $5.48 by $0.08. The firm had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $7 billion. AutoNation had a return on equity of 31.24% and a net margin of 2.82%.The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 earnings per share. As a group, equities research analysts expect that AutoNation, Inc. will post 21.56 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on AN. Wells Fargo & Company upped their target price on AutoNation from $202.00 to $224.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Northcoast Research raised shares of AutoNation from a "neutral" rating to a "buy" rating and set a $240.00 price target for the company in a report on Tuesday, July 14th. Morgan Stanley raised their price target on shares of AutoNation from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday. Seaport Research Partners restated a "buy" rating and set a $255.00 price objective on shares of AutoNation in a report on Monday. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of AutoNation in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, AutoNation has a consensus rating of "Moderate Buy" and a consensus price target of $248.36.
Get Our Latest Stock Analysis on AutoNation
Institutional Investors Weigh In On AutoNation
A number of institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in AutoNation by 192,434.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,424,431 shares of the company's stock valued at $913,557,000 after purchasing an additional 4,422,133 shares during the period. BlackRock Inc. acquired a new stake in AutoNation in the second quarter worth $438,689,000. Norges Bank bought a new position in shares of AutoNation during the fourth quarter worth $69,319,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of AutoNation by 260.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,975 shares of the company's stock valued at $73,064,000 after buying an additional 241,265 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of AutoNation by 51.8% in the 2nd quarter. AQR Capital Management LLC now owns 631,744 shares of the company's stock valued at $125,439,000 after buying an additional 215,577 shares in the last quarter. 94.62% of the stock is owned by institutional investors.
AutoNation Company Profile
(
Get Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
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